KELLANOVA (KEL.DE) Stock Fundamental Analysis
Europe - FRA:KEL - US4878361082 - Common Stock
66.24 EUR
+0.84 (+1.28%)
We assign a fundamental rating of 5 out of 10 to KEL. KEL was compared to 59 industry peers in the Food Products industry. KEL scores excellent on profitability, but there are concerns on its financial health. KEL has a expensive valuation and it also scores bad on growth.
1. Profitability
1.1 Basic Checks
In the past year KEL was profitable.
KEL had a positive operating cash flow in the past year.
KEL had positive earnings in each of the past 5 years.
KEL had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
The Return On Assets of KEL (8.41%) is better than 82.76% of its industry peers.
Looking at the Return On Equity, with a value of 32.49%, KEL belongs to the top of the industry, outperforming 91.38% of the companies in the same industry.
With an excellent Return On Invested Capital value of 13.24%, KEL belongs to the best of the industry, outperforming 87.93% of the companies in the same industry.
The Average Return On Invested Capital over the past 3 years for KEL is significantly above the industry average of 6.83%.
The last Return On Invested Capital (13.24%) for KEL is above the 3 year average (11.99%), which is a sign of increasing profitability.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.41% | ||
| ROE | 32.49% | ||
| ROIC | 13.24% |
ROA(3y)6.62%
ROA(5y)7%
ROE(3y)29.96%
ROE(5y)34.02%
ROIC(3y)11.99%
ROIC(5y)11.58%
1.3 Margins
Looking at the Profit Margin, with a value of 10.56%, KEL is in the better half of the industry, outperforming 77.59% of the companies in the same industry.
In the last couple of years the Profit Margin of KEL has grown nicely.
With an excellent Operating Margin value of 15.05%, KEL belongs to the best of the industry, outperforming 84.48% of the companies in the same industry.
In the last couple of years the Operating Margin of KEL has grown nicely.
Looking at the Gross Margin, with a value of 35.99%, KEL is in line with its industry, outperforming 44.83% of the companies in the same industry.
In the last couple of years the Gross Margin of KEL has grown nicely.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 15.05% | ||
| PM (TTM) | 10.56% | ||
| GM | 35.99% |
OM growth 3Y5.23%
OM growth 5Y6.89%
PM growth 3Y0.13%
PM growth 5Y8.3%
GM growth 3Y3.3%
GM growth 5Y2.28%
2. Health
2.1 Basic Checks
KEL has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
The number of shares outstanding for KEL has been increased compared to 1 year ago.
The number of shares outstanding for KEL has been increased compared to 5 years ago.
The debt/assets ratio for KEL has been reduced compared to a year ago.
2.2 Solvency
An Altman-Z score of 3.29 indicates that KEL is not in any danger for bankruptcy at the moment.
With a decent Altman-Z score value of 3.29, KEL is doing good in the industry, outperforming 79.31% of the companies in the same industry.
The Debt to FCF ratio of KEL is 9.04, which is on the high side as it means it would take KEL, 9.04 years of fcf income to pay off all of its debts.
KEL's Debt to FCF ratio of 9.04 is in line compared to the rest of the industry. KEL outperforms 46.55% of its industry peers.
A Debt/Equity ratio of 1.25 is on the high side and indicates that KEL has dependencies on debt financing.
KEL has a Debt to Equity ratio of 1.25. This is in the lower half of the industry: KEL underperforms 79.31% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.25 | ||
| Debt/FCF | 9.04 | ||
| Altman-Z | 3.29 |
ROIC/WACC1.69
WACC7.83%
2.3 Liquidity
KEL has a Current Ratio of 0.68. This is a bad value and indicates that KEL is not financially healthy enough and could expect problems in meeting its short term obligations.
With a Current ratio value of 0.68, KEL is not doing good in the industry: 87.93% of the companies in the same industry are doing better.
KEL has a Quick Ratio of 0.68. This is a bad value and indicates that KEL is not financially healthy enough and could expect problems in meeting its short term obligations.
KEL's Quick ratio of 0.45 is on the low side compared to the rest of the industry. KEL is outperformed by 77.59% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.68 | ||
| Quick Ratio | 0.45 |
3. Growth
3.1 Past
The earnings per share for KEL have decreased by -4.18% in the last year.
Measured over the past years, KEL shows a decrease in Earnings Per Share. The EPS has been decreasing by -0.46% on average per year.
Looking at the last year, KEL shows a quite strong growth in Revenue. The Revenue has grown by 10.71% in the last year.
The Revenue has been decreasing by -1.25% on average over the past years.
EPS 1Y (TTM)-4.18%
EPS 3Y-2.63%
EPS 5Y-0.46%
EPS Q2Q%-6.93%
Revenue 1Y (TTM)10.71%
Revenue growth 3Y-3.49%
Revenue growth 5Y-1.25%
Sales Q2Q%0.34%
3.2 Future
The Earnings Per Share is expected to grow by 4.29% on average over the next years.
The Revenue is expected to grow by 2.11% on average over the next years.
EPS Next Y-3.98%
EPS Next 2Y0.05%
EPS Next 3Y1.34%
EPS Next 5Y4.29%
Revenue Next Year0.08%
Revenue Next 2Y1.19%
Revenue Next 3Y1.64%
Revenue Next 5Y2.11%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
4. Valuation
4.1 Price/Earnings Ratio
With a Price/Earnings ratio of 21.16, KEL is valued on the expensive side.
Based on the Price/Earnings ratio, KEL is valued a bit more expensive than 62.07% of the companies in the same industry.
KEL is valuated rather cheaply when we compare the Price/Earnings ratio to 26.91, which is the current average of the S&P500 Index.
With a Price/Forward Earnings ratio of 20.17, KEL is valued on the expensive side.
Compared to the rest of the industry, the Price/Forward Earnings ratio of KEL indicates a slightly more expensive valuation: KEL is more expensive than 63.79% of the companies listed in the same industry.
KEL's Price/Forward Earnings ratio indicates a similar valuation than the S&P500 average which is at 22.92.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.16 | ||
| Fwd PE | 20.17 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, KEL is valued a bit more expensive than the industry average as 68.97% of the companies are valued more cheaply.
Compared to the rest of the industry, the Price/Free Cash Flow ratio of KEL is on the same level as its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 41.61 | ||
| EV/EBITDA | 13.99 |
4.3 Compensation for Growth
KEL has an outstanding profitability rating, which may justify a higher PE ratio.
PEG (NY)N/A
PEG (5Y)N/A
EPS Next 2Y0.05%
EPS Next 3Y1.34%
5. Dividend
5.1 Amount
With a Yearly Dividend Yield of 2.81%, KEL has a reasonable but not impressive dividend return.
Compared to an average industry Dividend Yield of 3.30, KEL pays a bit more dividend than its industry peers.
KEL's Dividend Yield is comparable with the S&P500 average which is at 2.34.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.81% |
5.2 History
The dividend of KEL has a limited annual growth rate of 1.51%.
Dividend Growth(5Y)1.51%
Div Incr Years0
Div Non Decr Years0
5.3 Sustainability
59.03% of the earnings are spent on dividend by KEL. This is a bit on the high side, but may be sustainable.
KEL's earnings are growing more than its dividend. This makes the dividend growth sustainable.
DP59.03%
EPS Next 2Y0.05%
EPS Next 3Y1.34%
FRA:KEL (9/25/2025, 7:00:00 PM)
66.24
+0.84 (+1.28%)
Chartmill FA Rating
GICS SectorConsumer Staples
GICS IndustryGroupFood, Beverage & Tobacco
GICS IndustryFood Products
Earnings (Last)
Earnings (Next)
Inst Owners84.18%
Inst Owner ChangeN/A
Ins Owners0.44%
Ins Owner ChangeN/A
Market Cap23.05B
Revenue(TTM)12.64B
Net Income(TTM)1.33B
Analysts54.29
Price Target72.25 (9.07%)
Short Float %N/A
Short RatioN/A
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 2.81% |
Yearly Dividend1.93
Dividend Growth(5Y)1.51%
DP59.03%
Div Incr Years0
Div Non Decr Years0
Ex-DateN/A
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-9.7%
Min EPS beat(2)-12.53%
Max EPS beat(2)-6.87%
EPS beat(4)2
Avg EPS beat(4)-1.39%
Min EPS beat(4)-12.53%
Max EPS beat(4)8.62%
EPS beat(8)6
Avg EPS beat(8)5.6%
EPS beat(12)10
Avg EPS beat(12)6.19%
EPS beat(16)14
Avg EPS beat(16)7.38%
Revenue beat(2)0
Avg Revenue beat(2)-3.24%
Min Revenue beat(2)-4.93%
Max Revenue beat(2)-1.54%
Revenue beat(4)1
Avg Revenue beat(4)-1.84%
Min Revenue beat(4)-4.93%
Max Revenue beat(4)0.37%
Revenue beat(8)3
Avg Revenue beat(8)-0.13%
Revenue beat(12)6
Avg Revenue beat(12)0.14%
Revenue beat(16)9
Avg Revenue beat(16)0.33%
PT rev (1m)-1.35%
PT rev (3m)-2.6%
EPS NQ rev (1m)0.01%
EPS NQ rev (3m)-4.41%
EPS NY rev (1m)0.27%
EPS NY rev (3m)-4.14%
Revenue NQ rev (1m)0%
Revenue NQ rev (3m)-0.69%
Revenue NY rev (1m)-0.03%
Revenue NY rev (3m)-0.51%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 21.16 | ||
| Fwd PE | 20.17 | ||
| P/S | 2.14 | ||
| P/FCF | 41.61 | ||
| P/OCF | 20.73 | ||
| P/B | 6.58 | ||
| P/tB | N/A | ||
| EV/EBITDA | 13.99 |
EPS(TTM)3.13
EY4.73%
EPS(NY)3.28
Fwd EY4.96%
FCF(TTM)1.59
FCFY2.4%
OCF(TTM)3.2
OCFY4.82%
SpS30.96
BVpS10.06
TBVpS-6.77
PEG (NY)N/A
PEG (5Y)N/A
Graham NumberN/A
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 8.41% | ||
| ROE | 32.49% | ||
| ROCE | 18.15% | ||
| ROIC | 13.24% | ||
| ROICexc | 13.67% | ||
| ROICexgc | 36.94% | ||
| OM | 15.05% | ||
| PM (TTM) | 10.56% | ||
| GM | 35.99% | ||
| FCFM | 5.14% |
ROA(3y)6.62%
ROA(5y)7%
ROE(3y)29.96%
ROE(5y)34.02%
ROIC(3y)11.99%
ROIC(5y)11.58%
ROICexc(3y)12.48%
ROICexc(5y)11.99%
ROICexgc(3y)36.74%
ROICexgc(5y)35.13%
ROCE(3y)15.6%
ROCE(5y)14.99%
ROICexgc growth 3Y9.44%
ROICexgc growth 5Y7.97%
ROICexc growth 3Y8.64%
ROICexc growth 5Y9.53%
OM growth 3Y5.23%
OM growth 5Y6.89%
PM growth 3Y0.13%
PM growth 5Y8.3%
GM growth 3Y3.3%
GM growth 5Y2.28%
F-Score6
Asset Turnover0.8
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.25 | ||
| Debt/FCF | 9.04 | ||
| Debt/EBITDA | 2.25 | ||
| Cap/Depr | 177.51% | ||
| Cap/Sales | 5.18% | ||
| Interest Coverage | 250 | ||
| Cash Conversion | 57.44% | ||
| Profit Quality | 48.69% | ||
| Current Ratio | 0.68 | ||
| Quick Ratio | 0.45 | ||
| Altman-Z | 3.29 |
F-Score6
WACC7.83%
ROIC/WACC1.69
Cap/Depr(3y)144.93%
Cap/Depr(5y)131.73%
Cap/Sales(3y)4.42%
Cap/Sales(5y)4.17%
Profit Quality(3y)102.41%
Profit Quality(5y)100.55%
High Growth Momentum
Growth
EPS 1Y (TTM)-4.18%
EPS 3Y-2.63%
EPS 5Y-0.46%
EPS Q2Q%-6.93%
EPS Next Y-3.98%
EPS Next 2Y0.05%
EPS Next 3Y1.34%
EPS Next 5Y4.29%
Revenue 1Y (TTM)10.71%
Revenue growth 3Y-3.49%
Revenue growth 5Y-1.25%
Sales Q2Q%0.34%
Revenue Next Year0.08%
Revenue Next 2Y1.19%
Revenue Next 3Y1.64%
Revenue Next 5Y2.11%
EBIT growth 1Y20.29%
EBIT growth 3Y1.56%
EBIT growth 5Y5.55%
EBIT Next Year17.18%
EBIT Next 3Y7.63%
EBIT Next 5Y6.96%
FCF growth 1Y-30.11%
FCF growth 3Y-0.47%
FCF growth 5Y13.92%
OCF growth 1Y-12.42%
OCF growth 3Y1.14%
OCF growth 5Y8.4%
KELLANOVA / KEL.DE FAQ
Can you provide the ChartMill fundamental rating for KELLANOVA?
ChartMill assigns a fundamental rating of 5 / 10 to KEL.DE.
Can you provide the valuation status for KELLANOVA?
ChartMill assigns a valuation rating of 2 / 10 to KELLANOVA (KEL.DE). This can be considered as Overvalued.
What is the profitability of KEL stock?
KELLANOVA (KEL.DE) has a profitability rating of 9 / 10.
What are the PE and PB ratios of KELLANOVA (KEL.DE) stock?
The Price/Earnings (PE) ratio for KELLANOVA (KEL.DE) is 21.16 and the Price/Book (PB) ratio is 6.58.
Can you provide the dividend sustainability for KEL stock?
The dividend rating of KELLANOVA (KEL.DE) is 5 / 10 and the dividend payout ratio is 59.03%.